US Pan Asian Chamber of Commerce, US Bangladesh Partners and UTC Associates Host the Successful 2009 Bangladesh Investment Summit in NYC with Keynote Speaker Hon’ble Prime Minister of Bangladesh H.E. Sheikh Hasina
NEW YORK-(Business Wire)-September 29, 2009 - The 2009 Bangladesh investment Summit was held this year at the Grand Hyatt New York with panel consisting of Hon’ble Prime Minister of Bangladesh, H.E. Sheikh Hasina, Honorable Foreign Minster, H.E. Dipu Moni, Advisor to Prime Minister, Mr. Sajeeb Wazed, Honorable Bangladesh Ambassador in the USA, H.E. Akramul Qader, and Aziz Ahmad, CEO UTC Associates and Chairman of US Bangladesh Partners. Attending this event included senior management from corporate enterprises including Microsoft, Marriott, Boeing, Siemens, Citibank, HSBC, Federal Reserve Bank, UBS Financial, Red Apple Group and the public sector represented by New York State Empire State Development Corporation and US Department of Commerce – MBDA.
Bangladesh ranks 3rd amongst the South Asian countries for Foreign Direct Investment (FDI) inflow for 2008. “The investment in Bangladesh has crossed $1B this year,” said H.E. Sheikh Hasina, Prime Minister of Bangladesh. This is an increase of 63% compared to the year prior according to the recent World Investment Report (WIR) 2009 released in Sept 2009.
The current administration led by the Hon’ble Prime Minister of Bangladesh, H.E. Sheikh Hasina has created an environment for foreign investors to share in the building of Bangladesh through public / private partnership. This is a commitment that includes the building of infrastructure, power, broadband access and digitizing all areas of the government. The major areas of FDI include manufacturing, construction, power / energy, hospitality, telecommunications, outsourcing, healthcare, education and pharmaceutical. Bangladesh recently announced a massive infrastructure development plan that includes public works construction and infrastructure.
“The objective is to make Bangladesh a middle income country by 2021. In order to transform Bangladesh to Middle Income, our GDP has to grow by double digit. We believe that the private sector remains the vital actor in taking Bangladesh in the next level of development for a new Bangladesh,” said Dr. Dipu Moni, Honorable Foreign Minster of Bangladesh. “Bangladesh sits in the middle [of India & China] with easy access to almost three and half billion population, almost half of the world’s population,” said Mr. Sajeeb Wazed, Advisor to Prime Minister Sheikh Hasina. “Bangladesh is committed to a status of an emerged nation by heavily investing in infrastructure, technology and education. The Digital Bangladesh initiative of the current administration offers tremendous opportunities for foreign investors,” said H. E. Akramul Qader, Ambassador of Bangladesh in the USA.
“I am glad to see the serious commitment by the Bangladesh Government on the collaboration of public / private partnership to make this an emerged country. Bangladesh is poised to be the next Asian Tiger,” said Savio Chan, President, USPAAC-NE.
“With the advance of technology, we no longer are limited by territorial boundaries but buy our own imagination. Bangladesh offers investors to attain financial rewards but also the extra benefit of helping millions of people move forward. Bangladesh has all the elements to create a new nation that can become the jewel in South Asia,” said Aziz Ahmad, CEO UTC Associates & Chairman US Bangladesh Partners.
Sponsors of this event include UTC Associates, Inc, US Bangladesh Partners, US China Partners, USPAAC (US Pan Asian Chamber of Commerce), Global Trade & Technology Center (GTTC), Embassy of Bangladesh in USA, Greater New York Chamber of Commerce, Empire State Development Corporation and US Department of Commerce (MBDA).
UTC Associates, Inc., headquartered on Wall Street in New York City, is a solutions-based leading systems & network integration company focusing on all key aspects of complex network planning, design, testing, implementation and support. UTC has practices in Telecommunications, Information Technology and Network Management. The company provides services to both large and small customers including Fortune 1000 firms across many different industry sectors. To learn more, visit www.utcassociates.com.
The US Pan Asian American Chamber of Commerce Education Foundation (USPAACC Education Foundation) was formed in 1984 as a national, non-profit organization representing all Asian Americans and Asian American-related groups in business. It promotes, nurtures and propels economic growth by opening doors to contract, educational and professional opportunities for Asian Americans and their business partners in corporate America, the Federal, State and local governments, and the small and minority business communities in the United States and Asia. To learn more, visit http://www.uspaacc.com.
U.S. Bangladesh Partners (USBP) mission is to increase trade, investment opportunities, and advance the economic and cultural interests between US and Bangladesh. USBP provides assistance with mergers & acquisition, fosters partnership with local companies, government agencies and suppliers in the areas of infrastructure, power/energy, telecommunication, hospitality and manufacturing for companies that want to invest in Bangladesh as well as in the U.S. USBP can be your local channel to create strategic partnership and alliances in U.S. or Bangladesh. For more information, please visit us at http://www.usbangladeshpartners.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6061273&lang=en
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